JEANNE REARDON - Attorney at Law

Loan Modification

_____________________________________________________________________________________________________________________

Long Island Loan Modification Attorney    Long Island Loan Modification Lawyer

Long Island Loan Modification Attorney —
Serving Clients in Long Island, New York City,
and Westchester County,
Nassau County, Suffolk County
Call the Law Office of Jeanne M. Reardon for a free consultation to discuss a loan modification.  We serve clients in Long Island, Nassau County, Suffolk County, New York City and Westchester County.A loan modification is an option available to those homeowners
who are having trouble making their monthly mortgage payments. 
Loan modification is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the
lender and borrower. 

You do not have to be facing foreclosure in order to seek a loan modification.  If you are experiencing financial hardship, a loan
modification is a way to reduce your monthly mortgage payments
allowing you to stay in your home. Contact our loan modification
attorneys today to discuss how a loan modification can help you. 


How a Loan Modification Can Benefit You

Mortgages are modified to the benefit of the borrower in one or more of the following ways:

  • Reduction in interest rate, or a change from a floating to a fixed rate, or in how the floating rate is computed
  • Reduction in principal
  • Reduction in late fees or other penalties
  • Lengthening of the loan term
  • Capping the monthly payment to a percentage of household income
  • Principal forbearance program

The borrower can be current, late, in default, in bankruptcy, or in foreclosure at the time the application for modification is made.

The process of obtaining a loan modification can be both overwhelming and daunting to the average homeowner.  A homeowner will benefit tremendously by having a real estate attorney on their side when pursuing a loan modification. The reality is bank representatives respond more promptly to an attorney than they do to the average homeowner. Additionally, attorneys are knowledgeable of the legal issues that can be used to influence negotiations with the bank.

In seeking a loan modification for our clients, we will complete the application, gather all of the supporting documentation and submit a completed package to the lender. After submission of the completed loan modification package, we will speak
with the lender on your behalf and continuously follow up with the lender until they reach their decision.  Jeanne M. Reardon is an experienced loan modification lawyer who will speak to the lender on your behalf.   

Read here to see how a HARP 2.0 Refinance can help you.


Contact Us

For a free consultation to discuss a loan modification or other real estate matter call our experienced real estate attorneys today at (516) 314-8433.  Please e-mail your questions or comments to us so that we may better assist you.


Click Here for All Practice Areas


_____________________________________________________________________________________________________

Jeanne Reardon is a Loan Modification Attorney serving clients in New York City, Queens, Brooklyn, Bronx, and Staten Island, in New York County, Queens County, Kings County, Bronx County, and Richmond County, as well as, Long Island, Nassau County, Suffolk County and throughout Westchester County.